It's the same business plan that they have had since 2006-2007 and they have yet to execute it. They deserve some credit for becoming current, but lately they're only as transparent as the regulations specify. The 10K and the recent 10Q have had no forward statements which allows for the large volume of speculation on this board. Even you have complained about the lack of communication (tranparency). I have e mailed the company off and on and have received clarifcation on smaller issues, but the issues like clean water, dilution by conversion remain unresolved.
One of the things which attracted me to PCFG initially was the fact that they weren't behaving like a typical pinky, but their continuing inability to meet projections since last August have eroded my initial confidence. "The dog ate my homework," excuses only work for a limited time. How long did it take them to figure out that they needed outside help on the water issue and even where to dig? The PR campaign has the appearance of a typical pink sheet pump and dump. The share price didn't even have a dead cat bounce after the last 10Q. The current share price is a reflection of the market's perception of the company's value.
PCFG still has potential, but my perceived risk is much higher than when I originally got in. If the company was as transparent as you would have us believe, we'd know who the new plant manager is and what the outside firm's recommendations were. We'd also know what the projections were for the second quarter. Look at the dirth of postings from many of the once regular posters who have taken a wait and see attitude.
Since you lay claim to such an intimate relationship with management, why don't you have a chat with them and see if you can ge a definitive statement on the water and recovery issues. \V/_
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